Adrok moves head office to Charlottetown
Innovative geophysical company helps find oil, gas and minerals without drilling
An innovative geophysical survey company is moving its North American head office to Charlottetown.
Adrok is based in Edinburgh, U.K., and has developed a technology to search for underground minerals, gas and oil without drilling.
Alan Goodwin, vice-president of operations, said the sophisticated scanner sends electromagnetic beams four kilometres into the ground to locate mineral and energy deposits.
"They have some successes. The first one was 2007 where they found gas in Morocco and that was successfully drilled,” he said. “They've had successes in the coal fields with a big company called Teck Resources.”
It's opening its North American headquarters on P.E.I. with the help of a $212,000 labour rebate and rental incentive. The company expects to employ six people.
The technology uniquely requires no expensive seismic testing or drilling exploratory wells.
"One of the key advantages of our techniques is that it's low powered and very environmentally friendly. The only footprint we leave behind is our boot footprint." Gordon Stove, managing director.
Innovation Minister Alan Roach said Adrok could search for oil and gas on P.E.I.
“I don’t think that was our intent in bringing the company here and their decision to come here, but certainly Minister [Wes] Sheridan will be interested in what this company has to offer,” he said.
Stove, whose father Colin Stove founded the company and created the technology, said it was the beginning for Adrok.
“This is going to be the gateway to Canada and North America for us. So if there’s anybody looking to explore for oil, gas or minerals, we’re happy to help them,” he said.
Adrok has been working in Canada since 2011.